Extending the Qualified Opportunity Zones until July 1, 2032.

The deadline for registering a new business to qualify for the tax break was changed from January 1, 2033, to July 1, 2024.

The expiration date for the tax modification was changed from January 1, 2033, to July 1, 2032.

The text format was changed from a clean legislative document to a raw HTML draft containing website navigation menus and broken formatting.

The deadline for a business to be considered 'newly registered' was extended from January 1, 2024, to January 1, 2033.

A new provision was added to grant retrospective eligibility, allowing taxpayers who qualified under the prior version to claim the tax modification for taxable years beginning on or after January 1, 2024.

Several formatting errors and inconsistent date references (e.g., '2024 2033') were corrected to ensure legal clarity.

The definition of 'Qualified Opportunity Zone' was slightly clarified to explicitly mention it must be a designated low-income community census tract.

The expiration date for the Qualified Opportunity Zone tax modification was extended from July 1, 2032, to January 1, 2033.

The effective date was changed to apply retrospectively to taxable years beginning on or after January 1, 2024, rather than only from the bill's introduction.

New definitions were added for 'Qualified Opportunity Fund' and a clarification for 'Qualified Opportunity Zone' regarding low-income census tracts.

A new requirement was added stating that a business must be designated as a Qualified Opportunity Zone Business under federal law and serve as an investment for a Qualified Opportunity Fund.

The deadline for registering a new business to qualify for the tax incentive was extended from July 1, 2032, to January 1, 2033.